Indian fuel retailers have excess cooking gas supplies due to over-booking cargoes amid Persian Gulf disruptions and increased domestic production. Slow demand recovery from large consumers has led to storage issues and penalties.
Household food expenses in India are expected to remain high due to increased prices of tomatoes, cooking oil, and LPG. While potato prices have fallen, the rise in other essentials has driven up both vegetarian and non-vegetarian thali costs month-on-month in June. Future price moderation depends on seasonal crop arrivals and global energy markets.
OPEC+ approved a 188,000 bpd production increase for August, the fifth since the West Asia war. This aims to boost crude availability, lower prices, and ease pressure on importers like India, with Brent crude nearing pre-conflict levels.
India's trade map has been altered by the West Asia conflict. Oman rose to 10th from 30th in imports, driven by energy, while UAE slipped. Singapore overtook China as India's 3rd largest export destination.
Union Minister Hardeep Singh Puri assured stable fuel and cooking gas supplies, stating the country holds 69 days of crude oil and LNG reserves and 45 days of LPG. Daily LPG production has been significantly increased to 54,000 tonnes amid Middle East geopolitical tensions. Puri also echoed Prime Minister Modi's call for austerity to mitigate economic pressures.
Across much of India, an energy crunch caused by the Iran war has prompted long queues for cooking gas cylinders. That is not a problem for Gauri Devi. On a stove with blue flames, she flips a chapatti flatbread, burning biogas produced from cow dung – an alternative fuel helping ease pressure on supplies. “It cooks everything,” the 25-year-old said in her courtyard kitchen in Nekpur, a village in Uttar Pradesh, about 90km (55 miles) from New Delhi. “If the pressure goes down, we let it rest for...
Across much of India, an energy crunch caused by the Iran war has prompted long queues for cooking gas cylinders. That is not a problem for Gauri Devi. On a stove with blue flames, she flips a chapatti flatbread, burning biogas produced from cow dung – an alternative fuel helping ease pressure on supplies. “It cooks everything,” the 25-year-old said in her courtyard kitchen in Nekpur, a village in Uttar Pradesh, about 90km (55 miles) from New Delhi. “If the pressure goes down, we let it rest for...
